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Street View
Listed by: Drew Staudt (253) 285-6105 | Windermere Prof Partners (253) 845-5900
$499,900
Monthly Est:$2,488
4 Beds
2 Baths
1,596sqft
1017 S I St, Tacoma, WA 98405
$499,900
$2,488/moEst:
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Duplex
Built in 1890
$-- HOA
1,500 sqft lot
$313/sq.ft
Description
Updated Tacoma duplex in a prime location within walking distance of light rail and close to downtown amenities. The up-down configuration features 2-bedroom, 1-bath units, each with a living area, kitchen, and its own laundry. There are no shared interior spaces, and electricity and water are separately metered. A comprehensive remodel from the studs out in 2016 included a new roof, windows, plumbing, electrical systems, and much more. The lower unit rents for $1,600 per month to a reliable, long-term tenant, while the recently vacated upper unit offers flexibility to move in, lease long term, or explore short-term rental use. The upper unit previously operated as a successful Airbnb benefiting from its proximity to downtown Tacoma. The projected 6.38% cap rate assumes an upper-unit rent of $1,600 per month — matching the rate of the lower unit and below current market rent — leaving additional income potential beyond the stated projection. Overall, this is an excellent investment opportunity with a proven rental track record and the added flexibility of owner occupancy.
- Houzeo last checked: 11 minutes ago
- Listing updated: October 16, 2026 at 12:58 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2594657
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1890
HOA Fees
-
Finished Area
1,596 sqft
Lot Size
1,500 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2594657
MLS Status
Active
Days on Market
12
Cumulative Days on Market
11
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Interior
Exterior Features
Metal/vinyl
Heating
Baseboard, Wall Furnace
Sewer
Sewer Connected
Cooling
None
Flooring
Ceramic Tile, Carpet
Construction
Year Built
Year Built: 1890
Home type
Duplex
Foundation Details
Pillar/post/pier
Construction Materials
Metal/vinyl
Property Condition
Updated/remodeled
Roof
Composition
Utilities & Energy
Security Features
Partially Fenced
Water Source
Public
Other Features
Subdivision Name
New Tacoma
Lot Features
Curbs, Paved, Sidewalk
Price History
| Date | Event | Price |
|---|---|---|
10/16/2026 Source: | Listed for Sale | $499,900 +29.84% $313/sqft |
10/27/2020 Source: | Price Increased | $385,000 +376.78% $241/sqft |
05/14/2015 Source: | Price Decreased | $80,750 -67.76% $51/sqft |
08/15/2006 Source: | Price Increased | $250,500 +140.87% $157/sqft |
02/13/2001 Source: | Sold | $104,000 $65/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 27, 2026, 12:46PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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